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Pastimes : Stock-Picking Challenge

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To: Scott Lux who started this subject	2/9/2001 1:42:45 PM
From: Dale	Read Replies (3) of 2402

A MUST READ Stock Shares Cost Value Percentage Gain A 100 100 300 200.0 B 100 100 100 0.0 C 100 100 101 1.0 D 100 100 100 0.0 E 100 100 50 -50.0 TOTAL 500 500 651 30.2 Stock Shares Cost Value Percentage Gain A 100 100 300 200.0 B 100 100 100 0.0 C 100 100 101 1.0 D 100 100 100 0.0 Z 100 10 5 -50.0 TOTAL 500 410 606 47.8 The above illustrates a flaw in the SI portfolio stock picking challenge. If you add up the total percentage gain of the above two portfolios each will be a 151% total gain, but the way the SI portfolio calculates the total gain percentage you will get two different percentages as shown above of 30.2% and 47.8%. If you want a fair contest based on each contest buying 100 shares of different companies then you must calculate the winner by adding together each percentage gain on each individual stock. To further explain, the above two portfolios performed exactly the same they are equal, but SI says one did better than the other because SI is based on the amount of money not the amount of shares. This contest was started based on amount of shares not money.

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